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Peripheral Component Interconnect Market Segmented By Type such as Peripheral Component Interconnect, Peripheral Component Interconnect Express with Application includes Wireless Communication or Radio Frequency, Aerospace Defense, Consumer Electronics
The peripheral component interconnect (PCI) market is projected to grow at an expected CAGR of 24.4% during the forecast period 2021-2031. Back in 1995, peripheral component interconnect was so popular and was used by users to connect network cards, sound cards and video cards.
Basically, it is known as a common interface, which attaches peripheral devices to the computer’s motherboard. A peripheral component interconnect unit is called as PCI bus.
A path between the components of a computer is bus. Users can change different peripherals attached to the computer with the help of peripheral component interconnect bus. Using PCI, an user can unplug the component, he wants to swap and plug in the new one in the peripheral component interconnect slot. Also, user can add another peripheral device like a second hard drive, if there is an open slot.
The peripheral component interconnect bus can be used in both 64-bit and 32-bit versions. It runs at 66 MHz or 33 MHz. Due to growing wireless communication technology, the PCI market is anticipate to grow at a significant rate in upcoming years.
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More speed and increased bandwidth and are some of the major factors, driving the growth of peripheral component interconnect. Data storage market is growing rapidly, which is further helping the PCI market to grow during the forecast period.
The peripheral component interconnect transport is capable of improving the speed from 33MHz to 133 MHz with a transfer rate of 1 GB (gigabyte) per second. Such benefits are continuously contributing to the growth of peripheral component interconnect.
In addition, peripheral component interconnect can handle gadgets employing of 5V (volts) and the pins can exchange one flag through one stick. An user can have different peripheral component interconnect buses on the same computer. Such advantages are driving the demand of peripheral component interconnect globally.
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Get a Customized VersionSome of the technologically transforming sectors such as aeronautics, aerospace and defense research will create many opportunities for peripheral component interconnect market during the forecast period. These sectors are moving towards the adoption of PCI for high measurement speed and low power consumption. This is one of the factor, garnering the growth of peripheral component interconnect market.
There is an increase in demand of peripheral component interconnect in consumer electronics industry. The industry is shifting from traditional box test and measurement technology towards more accurate and advanced technology.
PCI provides the benefits of guaranteed performance and exceptional reliability to the industry, under harsh conditions like as extreme temperature swings. Such trends will help the peripheral component interconnect market to grow in upcoming years.
The North America region is going to hold a significant share of the peripheral component interconnect from 2020 to 2031 due growing wireless communication industry. Various industries such as defense, research and others are adopting PCI due to growing construction of data centers in the region.
Government in the region are also increasing its budget for increased defense and aerospace research. High adoption rate of new technologies is the one of major factor, driving the growth of PCI in North America region. As a consequence, the region will continue lead the peripheral component interconnect market during the forecast period.
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South Asia Pacific region is going to witness the highest growth during the forecast period 2021-31 owing to developing countries such as India and others. Growing economy country India is implementing PCI solutions in different industry vertical, this too will contribute to the growth of the market in South Asia.
Due to growing data storage in the region, various industries are continuously deploying PCI solutions for more speed and increased bandwidth. This is one of the major factor fueling the growth of PCI in the region.
Some of the leading vendors of peripheral component interconnect include
are actively involved in offering peripheral component interconnect solutions for different applications and focusing on new product launches, strategic expansions, acquisitions, product enhancements.
By Type
By Application
By Bit Size
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
